Economy, Business And Markets

TSE Gets Off to Bad Start

More than 1 billion shares valued at $47.8 million changed hands at TSE on March 1.More than 1 billion shares valued at $47.8 million changed hands at TSE on March 1.

Tehran Stock Exchange’s main index lost 340.10 points or 0.44% to end trade on the first weekday at 77,135.1.

More than 1 billion shares valued at $47.8 million changed hands on Saturday.

Iranian weekdays start on Saturday and end on Friday. TSE is closed on Thursday and Friday.

Hekmatan Sugar Company was the biggest riser, going up 4.99% to 2,716 rials per share.

Pegah Esfahan Dairy Company incurred the biggest loss among all TSE-listed companies, as it went down 4.99% to 5,155 rials per share.

National Iranian Copper Industries Company weighed the most on TEDPIX, followed by Golgohar Mining and Industrial Company and Kharg Petrochemical Company.

Ghadir Investment Company gave the biggest boost to the benchmark, followed by Bank Ansar and Chadomalu Mining and Industrial Company.

The Price Index was down 123.90 points or 0.46% to stand at 26,949.4.

The First Market Index lost 248.20 points or 0.45% to post 54,781.2.

The Second Market Index shed 685.10 points or 0.42% to reach 163,997.9.

The Industry Index gave up 340.50 points or 0.51% to register 65,979.9.

The Free Float Index dropped by 474.60 points or 0.56% to close at 84,487.60.

The TSE 30 Index lost 15.90 points or 0.51% to settle at 3,106.0 while the TSE 50 Index was down 13.00 points or 0.43% to finish at 3,034.7.

  IFX Up 0.16%

Iran Fara Bourse’s main index IFX gained 1.39 points or less than 0.16% to end Saturday trade at 871.63.

As many as 101.7 million securities valued at $32.7 million were traded at the over-the-counter exchange for the day.

Arfa Steel Company saw the highest number of traded shares, as 8 million of its shares changed hands.

Zagros Petrochemical Company saw the highest trade value, with the trading of shares worth $986,000.

Zangan Zinc Industries Company, Tadbirgaran Fars and Khuzestan Company and Iranian Investment Incorporation showed the highest value increase.

Zayandeh Rood Housing Investment Company, Zarin Madan Asia Mining Company and Taliseh Company suffered the biggest decline.

Marun Petrochemical Company, Iranian Cultural Heritage and Tourism Investment Company and Tuka Rail Company had the most positive impact on the IFB benchmark.

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